Mission and Money: Understanding the University by Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch
By Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch
Undertaking and cash is going past the typical concentrate on elite universities and examines the complete better schooling undefined, together with the quickly starting to be for-profit faculties. the sphere contains examine universities, four-year faculties, two-year faculties, and non-degree-granting occupation academies. Many associations pursue mission-related actions which are frequently unprofitable and have interaction in ecocnomic profit elevating actions to finance them. This ebook includes a good buy of unique examine on colleges' profit resources from university, donations, learn, patents, endowments, and different actions. It considers lobbying, distance schooling, and the realm industry, in addition to ads, branding, and acceptance. The pursuit of profit, whereas necessary to in attaining the undertaking of upper studying, is typically in clash with that challenge itself. the strain among project and cash can also be highlighted within the bankruptcy at the profitability of intercollegiate athletics. The concluding bankruptcy investigates implications of the research for public coverage.
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Extra resources for Mission and Money: Understanding the University
Public support of higher education, even higher education carried out by private institutions, has a long history in the United States. It was never true that private colleges operated without public – that is, governmental – support. 14 Mission and Money By the 1870s, the foundations of the system of land-grant public universities had been laid, and it is then that private colleges began to identify themselves as different in nature – and certainly funding – from public colleges. ” The higher education historian Frederick Rudolph (1990) comments wryly that “the myth of the privately endowed independent college” (the term nonprofit being not yet in use) was not promoted “until the colleges discovered that they could no longer feed at the public trough and had, in one sense, indeed become private” (p.
S. Department of Education National Center for Education Statistics 2007b. 9 Total Federal State & local Private gifts, Sales, Sales revenue Tuition Federal State & local grants & grants & grants & Endowment services of auxiliary Other (in millions) & fees appropriations appropriations contracts contracts contracts income educ. 1. Sources of revenue at colleges and universities by ownership, 2006 The Higher Education Business and the Business of Higher Education 31 At public colleges and universities, support from one level of government or another is dominant – 65 percent at 4-year schools and 78 percent at 2year schools.
The University of Phoenix’s parent company, Apollo Group, leases all of its properties, according to its 2007 annual report. Career Education Corporation and Corinthian Colleges lease 95 percent or more of their campus properties, according to their annual reports. DeVry University, perhaps because some of its campuses predate the modern model of the for-profit university, leased only 42 percent of its major undergraduate campuses in 2006, as reported in their annual report. To teach their classes, for-profits use large numbers of adjunct faculty.